Next Entertainment WorldNEW

NEW's trailing results have slipped back into losses after a profitable 2025, and the shares have fallen sharply over the past year.

Next Entertainment World is a Korean content and media company whose revenue comes mainly from film distribution and rights sales. Based on trailing twelve-month figures to H1 2026, revenue is about ₩132.5B with an operating loss of about ₩2.2B and a net loss of about ₩1.0B. The share price is ₩939, close to its 52-week low of ₩929 and far below its 52-week high of ₩2,635.

What stands out

• Trailing revenue is ₩132.5B, below the ₩142.7B reported for 2025, and the company moved from a 2025 operating profit of about ₩2.7B back to a small trailing operating loss.
• Liabilities are 97.9% of equity and borrowings are about ₩77.4B against cash of about ₩52.2B, so net debt is meaningful relative to the company's size.
• Trailing free cash flow is positive at about ₩8.0B, even though the company is loss-making on an accounting basis.
• The shares trade at about 0.3 times book value and 0.2 times sales, with no dividend and no earnings-based valuation available because earnings are negative.
• Foreign ownership fell from 8.8% to 8.1% over about 60 days, and institutions and foreign investors were net sellers over the last 20 days while retail investors were net buyers.
• Recent filings include a conversion price adjustment on convertible bonds, an extraordinary shareholders' meeting result and the H1 2026 half-year report. The news feed contains no headlines for this period.

What to watch

• The next quarterly and annual results, to see whether the trailing operating loss reverses and whether revenue holds near the 2025 level.
• Further conversion price adjustments and the terms of the convertible bonds, which the filings show have been amended and adjusted in 2026.
• Debt levels against cash, since borrowings exceed cash and the data does not show repayment schedules or the outcome of the shareholders' meeting resolutions.